A company uses 12,000 units per year, orders in quantities of 1,000 units and keeps a...

A company uses 12,000 units per year, orders in quantities of 1,000 units and keeps a 200 units safety stock. What is their average inventory turnover?

		17.14
		24
		12
		10

Expert Solution

17.14
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Please find below the answer
Statementshowing Computations
Paticulars	Amount
Average inventory = 200 + 1000/2	700.00
Annual requirement	12,000.00
average inventory turnover = 12000/700	17.14

jeff jeffy answered 2 years ago

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